As the real estate landscape evolves, more and more home buyers and sellers are using auctions as an alternative to traditional home buying. Real estate auctions continue to be one of the fastest growing sectors of the auction market. According to the National Auctioneers Association, residential auctions generated $17 billion last year alone.For sellers, auctions can translate into immediate cash and no long-term carrying costs. Buyers can save time and money. A listing can typically sell within 9-12 minutes.

(from Home Delivery, the Real Estate Trends News Resource from the National Association of REALTORS)